In the news today: President Cyril Ramaphosa wants to save SAA, Alexander Forbes says the retirement crisis is not abating, and Democrats are projected to win the House of Representatives in the US midterm elections

President Cyril Ramaphosa says there are no plans to sell SAA since its debt is underwritten by government and calling in that debt could collapse the fiscus – and threaten other SOEs in the process. READ MORE

According to the Motorsport Industry Association (MIA), the EU’s new Motor Insurance Directive could have a “catastrophic” effect on motor racing unless amendments are made. The proposed law will extend compulsory third-party insurance to all vehicles. READ MORE

A lack of trust in corporate governance after the Steinhoff crisis means it is becoming more costly to insure company directors and officers – their liability insurance has doubled or tripled annually. READ MORE